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Stuck In Range USDJPY remains.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Stuck In Range 
USDJPY remains unable to recover the 111.00 level despite a number of attempts,
which keeps the near term outlook neutral. A topside break of 111.00 opens the
Feb 14 high & 200-dma at 111.13/31, ahead of a run at the 111.35/45 area which
registered a series of previous highs through December. A downside break of the
Feb 15 low & 50-dma at 110.26/109.87 would shift the outlook bearish and bring
the 109.50/55 level back into view which holds the Feb 6 low & 61.8% fibo
support.

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